New RBNZ research bulletin

The Reserve Bank of New Zealand recently released the June 2007 edition of its research bulletin. The first article of this issue looks at how monetary policy influences the general price level.

The article discusses the channels that the central bank considers to be the most important as well as those that have a more uncertain effect.

The bulletin also includes articles on a review of the trade-weighted exchange rate index (TWI) that the Reserve Bank has undertaken over the past year and

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